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...Capital One agreed in February to acquire Discover in one of the banking industry’s biggest deals since the 2008 financial crisis. The takeover is now undergoing scrutiny by banking regulators....
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...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
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...Siegfried Russwurm, head of the BDI, told the Financial Times that Germany’s climate agenda was “more dogmatic than any other country I know”....
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...Elliott is just one of a number of distressed debt investors that have rushed to buy Thames Water’s bonds in the belief that nervous fund managers are selling them for less than they are worth....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
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...[and] it would be vastly better from a financial stability standpoint and a market standpoint, and an equity fairness standpoint to be able to manage an orderly failure of one of these firms.”...
...One bit of good(ish) news is that Manulife has relatively deep pockets, and thus can absorb this blow....
...Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight...
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...Clearing houses are a mundane but vital piece of financial market infrastructure that exist to prevent crises cascading through the system....
...For example, there would be a one-day mismatch if a manager wished to sell a European stock trading on T+2 and buy a US stock trading on T+1, he said....
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...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...Perhaps unsurprisingly, the fate of a water utility stirs up greater emotion than more typical investment targets for financial investors such as niche software companies....
...Inflection’s financial backers could be forgiven for being miffed after they poured in billions of funding only to see the CEO Suleyman leave....
...] (2) Citi’s financials over three years should refute two big concerns—efficiency and capital....
...Reenan will be global co-head of private capital and Bushner will serve as head of US private capital. They were both previously at Latham & Watkins....
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